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Mortgage,Home Equity/Improvement Loans

TODAY'S RATES FOR HOME PURCHASE, HOME EQUITY AND HOME IMPROVEMENT LOANS
Rates Are Subject To Change. Rates last updated on April 24, 2017. - Please contact Smart Financial Credit Union

Mortgage,Home Equity/Improvement Loans

Mortgage Rates
Effective Date: Wednesday, July 17th, 2019
Mortgage TermInterest RateAPRPoints
5/1 ARM (Jumbo) 1 3.50% 4.598% 0.00%
7/1 ARM (Jumbo) 2 3.75% 4.533% 0.00%
10/1 ARM (Jumbo) 3 4.000% 4.490% 0.00%
30-yr Fixed (Jumbo) 6 3.99% 4.059% 0.00%
15-yr Fixed (Jumbo) 6 3.24% 3.429% 0.00%
20-yr HE FX 1st 4.615% 4.663% 0.00%
15-yr HE FX 1st (Other) 4.240% 4.298% 0.00%
10-yr HE FX 1st (Other) 3.990% 4.071% 0.00%
5-yr HE FX 1st (Other) 3.490% 3.637% 0.00%
15-yr HE FX 2nd (Other) 5.240% 5.306% 0.00%
10-yr HE FX 2nd (Other) 4.990% 5.083% 0.00%
5-yr HE FX 2nd (Other) 4.490% 4.655% 0.00%
5/1/15 PM2 ARM (Other) 4 6.990% 7.549% 0.00%
5/1/15 HI ARM (Other) 5 4.990% 6.141% 0.00%
15-yr HI FX (Other) 6.240% 6.400% 0.00%
10-yr HI FX (Other) 5.990% 6.213% 0.00%
5-yr HI FX (Other) 5.490% 5.899% 0.00%

1. Interest rate is fixed for the 1st 5 years, rate can change on the 61st month and every 12 months thereafter. The rate is based on the 1 Year CMT index plus 2.75% margin. The rate cannot increase or decrease more than 2% at the first adjustment and 2% per subsequent adjustments. The rate will never be greater than 5% over the initial start rate or any lower than the margin. 

2. Interest rate is fixed for the 1st 7 years, rate can change on the 85th month and every 12 months thereafter. The rate is based on the 1 Year CMT index plus 2.75% margin. The rate cannot increase or decrease more than 5% at the first adjustment and 2% per subsequent adjustments. The rate will never be greater than 5% over the initial start rate or any lower than the margin. 
 
3. Interest rate is fixed for the 1st 10 years, rate can change on the 121st month and every 12 months thereafter. The rate is based on the 1 Year CMT index plus 2.75% margin. The rate cannot increase or decrease more than 5% at the first adjustment and 2% per subsequent adjustments. The rate will never be greater than 5% over the initial start rate or any lower than the margin. 
 
4. Purchase Money 2nd Lien Loans = Interest rate is fixed for the 1st 5 years, rate can change on the 61 month and every 12 months thereafter. The rate is based on the Prime index plus 2.50% margin. The rate cannot increase or decrease more than 2% at the first adjustment and 2% per subsequent adjustments. The rate will never be greater than 5% of the initial start rate or any lower than the natural start rate.
 
5. Home Improvement Loans = Interest rate is fixed for the 1st 5 years, rate can change on the 61 month and every 12 months thereafter.  The rate is based on the Prime index plus 2% margin.  The rate cannot increase or decrease more than 5% at the first adjustment and 5% per subsequent adjustments.   The rate will never be greater than 5% of the initial start rate or any lower than the initial start rate.
 
6. Rates include a 0.5% buydown fee.
 

Rates are subject to change without notice.  Rates last updated on 06/01/2019.

*All rates are dependent on credit worthiness and loan term. Your rate will be determined once your application has been processed and approved. Rates are subject to change without notice.